The Chesterfield Hotel in Mayfair on Wednesday evening was the setting for Ariana Resources (LON:AAU) latest investor presentation. Hosted by Proactive Investors, Ariana shared the billing with Western Potash (TSX.V:WPX) who have a "solution" mining project in Regina Canada and Resource Generation (ASX:RES), who are developing a coal mine in South Africa. Having attended a few of these Proactive events, one knows their success is always dependent on the calibre of company/management presenting and the mood of the room on the night!
This time round the event was very well supported with a lively mix of finance professionals and private investors. To compliment the event, Proactive Investors even produced a new in- depth research note on Ariana (click here to view). MD Kerim Sener presented the company's investment case to a receptive audience, though it was clear from the post event conversations that few had previously heard about the company. That being the case, with just 30 minutes of stage time, the big challenge was to concisely introduce the company whilst doing justice to all aspects the investment case. Not as easy as it may seem. Ariana has some very significant irons in the fire; not least of which being the pending Proccea JV (click here for latest update), so there is always a real danger that, depending on how the delivery goes, the proverbial cake could be largely obscured by a rather oversized cherry! But with the support of a well-crafted presentation (click here to view ) Kerim managed to take people through the Ariana story, doing justice to all aspects and giving additional detail as and when required.
So what did we learn? With the presentation geared towards the uninitiated, the natural starting point was the country itself; Turkey being an economic powerhouse in the region with mining friendly legislation, situated on the highly prospective Tethyan Metallogenic Belt. All good stuff (click here to view our value proposition on Ariana) and it also served as a good refresher for existing investors. We also noted that good progress is being made with the EGU JV and Ariana's own ongoing exploration work is all very much on track.
But what…
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